Date registered: Mar 2005
Vehicle: '01-E320 & 02-ST2
Location: John 15:18-19
Mentioned: 0 Post(s)
Quoted: 35 Post(s)
The most important warranty it's too late to chase, analysis of service records and proper PPI taking into account the TCO.
You can certainly find someone who will sell you a warranty, but you'll have to do an even deeper analysis. How much do you want to spend on a warranty? You say you "need" one,what does that mean? That you sunk all your money into it and have nothing left for repairs? If so, how will you afford the warranty as it will not be cheap on an old luxury car.
And what are you looking to cover? Whatever you buy won't cover routine maintenance and wear & tear items, which themselves are not inexpensive. Plus you will have a deductible you'll have to pay for any claim that is covered, this is really more like insurance than a warranty.
Service the transmission, change all the fluids, learn basic DIY stuff and park a few grand in the bank (essentially the warranty cost) to draw against for needed repairs. These are NOT cheap cars to own and maintain, even if the prices have fallen enough that they seem like sweet deals to buy.
Lastly, you have no investment to safeguard. This is a car, and cars (with the rarest of exceptions) are not investments. They are many things, including transportation, social statement, status symbol, etc., but if you think of it as an investment you will be sorely disappointed.
Take care and enjoy the ride,
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery. (Winston Churchill)
Last edited by Check Codes; 02-23-2009 at 04:41 AM.